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Saft Says: ECB death pact good for risk

Thursday, September 06, 2012 - 02:11

Sep 6 - Reuters Columnist James Saft says the ECB’s decision to stand as effective lender of last resort is a pretty good reason for investors to take on risk.

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I'm worse columnist -- can't say if it can it turn out to be good odds. -- -- If it's gonna turn out this salvation a year. Easy easy decision to case and is effective lender of last resort to pretty good reason investors to take more risks. Easy after a stand outs in the program which essentially. Means it'll -- on limited and Europe and bombs. Hello to regain control of monetary policy in the European worker. And -- is an effective circuit breaker against Auburn finance and tax. Company -- conditions for states. In essence seen in the -- to -- to -- -- -- on strong reforms and considerable. -- Asset once that happens. They're going to have deep pockets and sad. We will spend as much aren't easily be -- interest rates recent. That's good news for risk -- It takes off the table. -- our. East and hear from your. So for that reason he's gotten more comfortable or risky asset today and -- Much -- from. What could happen here is that essentially the EC he isn't locked into. -- -- It just -- decides after tomorrow that he can't stick to reform. And access. She's -- have a very difficult situation. Does -- full blown up in essence on the Euro -- Does it make it bonds it holds on its own analogy where. -- -- He -- in some ways the worst of the broadest inflation. Current. And future. Burn out as an investor only in case. You're more comfortable. With you more comfortable only in the near term. Can't count on anything over your six. It.

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Saft Says: ECB death pact good for risk

Thursday, September 06, 2012 - 02:11